U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
Australia Decides: Voters Head to the Polls in Pivotal Election
Australians are casting their votes today in a national election that could shape the country’s future for years to come. Prime Minister Anthony Albanese’s Labor Party is facing off against the conservative opposition led by Peter Dutton, with key issues such as cost-of-living pressures, affordable housing, and energy policy dominating the campaign.
Polling stations opened early across the country, with voters lining up to make their voices heard. Both major parties have focused on economic concerns, but global uncertainty—particularly the influence of U.S. President Donald Trump’s policies—has played a significant role in shaping voter sentiment.
Albanese, seeking a second term, has emphasized his government’s achievements, including rising wages and declining inflation. Meanwhile, Dutton has promised to cut government spending and reduce immigration, positioning himself as a strong alternative to Labor’s leadership.
With opinion polls showing a tight race, the outcome remains uncertain. As ballots are counted, Australians await the results that will determine the nation’s direction in the coming years.
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